The Bursary Agreement Form is a critical document in Singapore's educational landscape, used when financial assistance is provided to students based on merit, need, or both. This agreement defines the relationship between educational institutions or sponsors and students receiving financial support. It typically includes details about award amounts, disbursement schedules, academic requirements, and any bond conditions. Under Singapore jurisdiction, these agreements must comply with various regulations including the Education Act, Contract Law, and Personal Data Protection Act. The document serves as a legal safeguard for both parties and ensures clear understanding of responsibilities and obligations.
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1. Parties: Details of the educational institution/funding body and the student receiving the bursary
2. Background: Context of the bursary scheme and its purpose
3. Definitions: Key terms used throughout the agreement
4. Award Details: Specifics of the bursary amount, payment schedule, and duration
5. Eligibility Criteria: Academic and other requirements for maintaining the bursary
6. Terms and Conditions: Core obligations of both parties
7. Termination: Circumstances under which the agreement can be terminated
1. Bond Period: Details of any service commitment required when the bursary includes a service bond requirement
2. Overseas Travel: Restrictions or requirements regarding international travel for full-time students or when bonds are involved
3. Employment Restrictions: Limitations on employment during the study period for full-time study programs
4. Insurance Requirements: Mandatory insurance coverage requirements when specified by the institution
1. Schedule 1 - Payment Schedule: Detailed breakdown of bursary disbursement dates and amounts
2. Schedule 2 - Academic Requirements: Specific GPA or grade requirements and assessment criteria
3. Appendix A - Course Details: Information about the approved course of study
4. Appendix B - Supporting Documents: List of required documentation for verification
5. Appendix C - Bond Terms: Detailed terms of service bond if applicable
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